Revenue Growth Amid Margin Compression
SWK grew Q1 FY2026 revenue by 2.7% YoY to $3.85B, but net income declined sharply by 34.1% to $59.6M, indicating that top-line growth is being outpaced by rising costs and expenses.
来源: 10-Q Income Statement
该报告暂无中文版，以下为英文版分析。
按公开的固定规则计算，不是模型的主观判断——但其中一项输入（高等级风险的条数）取自下方的 AI 分析。
非投资建议，也不是目标价——评的是本季基本面，不是股价。 完整方法论 →
AI核心结论
SWK reported Q1 FY2026 revenue of $3.85B (+2.7% YoY) but net income fell 34.1% to $59.6M, reflecting persistent cost pressures and negative operating cash flow of -$388.8M.
营收
38.46亿美元
同比 +2.72%
每股收益（稀释）
0.39美元
同比 -35.00%
SEC XBRL 原值
Stanley Black & Decker (SWK) Q1 FY2026 营收 38.46亿美元，同比增长 2.7%。 经营活动现金流净流出 3.89亿美元。 SWK 的财年 Q1 FY2026 对应日历 Q2 2026。
近 4 个季度：4 次超预期
| 季度 | 实际 EPS（美元） | 市场预期（美元） | 结果 |
|---|---|---|---|
| 2026年6月 | 1.57 | 1.23 | 超预期 +27.9% |
| 2026年3月本次财报 | 0.80 | 0.63 | 超预期 +26.8% |
| 2025年12月 | 1.41 | 1.29 | 超预期 +8.9% |
| 2025年9月 | 1.43 | 1.19 | 超预期 +19.8% |
2026年3月 调整后（非 GAAP） EPS 0.80美元，分析师一致预期 0.63美元，超预期 +26.8%。 分析师一致预期按市场通行的调整后（非 GAAP）口径。本季 GAAP 稀释每股收益为 0.39美元。
由 AI 基于本次 SEC 报告整理
SWK grew Q1 FY2026 revenue by 2.7% YoY to $3.85B, but net income declined sharply by 34.1% to $59.6M, indicating that top-line growth is being outpaced by rising costs and expenses.
来源: 10-Q Income Statement
Cost of Revenue rose 2.5% YoY to $2.69B, and SG&A expenses increased 3.0% YoY to $877.7M, together consuming a large portion of incremental revenue and compressing profitability.
来源: 10-Q Income Statement
Long-term debt declined meaningfully by 15.1% YoY to $4.76B from $5.60B, suggesting the company is making progress on deleveraging its balance sheet.
来源: 10-Q Balance Sheet
Operating cash flow remained negative at -$388.8M in Q1 FY2026, though it improved 7.4% YoY from -$420.0M, indicating ongoing working capital challenges typical of Q1 seasonality for industrial companies.
来源: 10-Q Cash Flow Statement
Financing cash flow of +$508.2M more than offset the negative operating and investing cash flows, helping the company maintain a cash balance of $333.7M at quarter end.
来源: 10-Q Cash Flow Statement
由 AI 基于本次 SEC 报告整理 · 高 2 中 3 低 0
SWK generated -$388.8M in operating cash flow in Q1 FY2026, continuing a pattern of cash consumption in the first quarter. Reliance on financing activities (+$508.2M) to fund operations raises questions about the sustainability of liquidity management.
来源: 10-Q Cash Flow Statement
Net income dropped 34.1% YoY to $59.6M despite a 2.7% revenue increase, implying that cost inflation and operating expenses are eroding profitability faster than revenue growth can compensate. EPS fell from $0.60 to $0.39, a 35% decline.
来源: 10-Q Income Statement
Although long-term debt declined 15.1% YoY to $4.76B, the company still carries a substantial debt load relative to its stockholders' equity of $8.98B. Continued debt service obligations constrain financial flexibility.
来源: 10-Q Balance Sheet
Total assets fell 4.0% YoY to $21.60B, driven by a 7.2% decline in current assets to $6.51B, which may reflect inventory drawdowns or reduced receivables that could signal weaker near-term demand.
来源: 10-Q Balance Sheet
Net margin stands at approximately 1.55% in Q1 FY2026, leaving very little buffer against any further cost increases, demand softness, or macroeconomic headwinds such as tariffs or supply chain disruptions.
来源: 10-Q Income Statement & Key Ratios
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营收 亿美元 | 38.46 亿美元 | 37.45 亿美元 | +2.72% |
营业成本 亿美元 | 26.89 亿美元 | 26.24 亿美元 | +2.49% |
净利润 万美元 | 5960.00 万美元 | 9040.00 万美元 | -34.07% |
每股收益（基本） 美元 | 0.39 美元 | 0.60 美元 | -35.00% |
每股收益（稀释） 美元 | 0.39 美元 | 0.60 美元 | -35.00% |
销售及管理费用 亿美元 | 8.78 亿美元 | 8.53 亿美元 | +2.96% |
答案基于本次 SEC 报告与本页数据